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(Sumichem) Sumichem complete technical analysis [charts+indicators] | Buy/Sell Sumichem | (Sumichem) share price targets

Complete technical analysis of Sumichem (Sumichem) by charts plus indicators, forecast predictions and share price targets for Sumichem (Sumichem)

Showing technical analysis as on 2024-07-30 View latest technical analysis

10 day averaged volume of Sumichem is 44786

Date	Daily Closing Price	Open	High	Low	Volume
30 Tue Jul 2024	518.80	534.00	535.05	516.55	1.969 times
29 Mon Jul 2024	533.40	536.95	540.80	518.10	2.979 times
26 Fri Jul 2024	504.70	502.00	515.85	500.50	0.376 times
25 Thu Jul 2024	497.85	509.00	509.00	495.55	0.359 times
24 Wed Jul 2024	499.80	515.00	515.00	498.05	0.349 times
23 Tue Jul 2024	516.95	517.80	523.00	488.95	1.05 times
22 Mon Jul 2024	517.00	498.95	522.50	486.95	1.291 times
19 Fri Jul 2024	498.00	509.75	509.75	495.65	0.7 times
18 Thu Jul 2024	504.55	499.00	507.05	496.10	1.724 times
16 Tue Jul 2024	499.30	504.80	508.85	497.00	0.388 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 514.1, but if it comes below 514.1, then a intra day sell could be more profitable.
If you take a sell trade below 514.1, then use 514.1 as stoploss and 503.12 as target. However if you take a buy trade in stock , then use 514.1 as stoploss and 527.3 as target.

Share price targets for Sumichem (Sumichem)

Target Type	Value
Downside Target	336.40
Downside Target	350.80
Downside Target	380.05
Downside Target	387.90
Downside Target	414.50
Downside Target	427.70
Downside Target	475.50
Downside Target	509.75
Downside Target	510.00
Downside Target	516.55
Downside Target	516.60
Upside Target	523.00
Upside Target	540.80

Intraday share price targets for Sumichem (Sumichem)

Target Type	Value
Downside Intraday Target	509.97
Downside Intraday Target	501.13
Upside Intraday Target	534.22
Upside Intraday Target	549.63
Upside Intraday Target	525.38

Weekly technical analysis of Sumichem (Sumichem)

Date	Weekly Closing Price	Open	High	Low	Volume
30 Tue Jul 2024	518.80	536.95	540.80	516.55	1.444 times
26 Fri Jul 2024	504.70	498.95	523.00	486.95	0.953 times
19 Fri Jul 2024	498.00	506.05	509.75	493.55	0.646 times
12 Fri Jul 2024	503.05	488.05	509.85	482.35	0.796 times
05 Fri Jul 2024	489.55	475.50	516.60	475.50	2.575 times

Price has moved up this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.

Monthly technical analysis of Sumichem (Sumichem)

Date	Monthly Closing Price	Open	High	Low	Volume
30 Tue Jul 2024	518.80	475.50	540.80	475.50	0.888 times
28 Fri Jun 2024	479.70	483.40	510.00	427.70	0.924 times
31 Fri May 2024	463.55	402.75	497.90	380.05	2.31 times
30 Tue Apr 2024	400.70	353.00	414.50	350.80	0.987 times

Scroll below to view daily charts

Price has moved up this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Sumichem (Sumichem)

Price action analysis of Sumichem ( (Sumichem) ) based on a short term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Sumichem ( (Sumichem) ) based on a short to mid term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Sumichem ( (Sumichem) ) based on a mid to longer term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

ADX buy sell signal for Sumichem stock for short term is BUY. Signal strength is Strong and stock is losing momentum.

MACD generated a BUY signal for Sumichem in short term and the buy signal is strong.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Sumichem Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bulls are getting stronger in this stock.

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be coming down

CCI has generated a SELL signal for Sumichem in short term but SELL signal is weak.

RSI is generating a BUY signal in short term but buying is losing momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying might be slowing down

Stock of Sumichem is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 516.39 and Sumichem (Sumichem) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.

People seem to be coming out and selling the Sumichem (Sumichem) stock. Volume based technical analysis of Sumichem (Sumichem) stock is negative.

Sumichem Stock is giving positive returns over a short term period. Returns for a longer term period have been positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.